Form 4: Sanmina EVP Reports Routine Equity Vesting and Tax Withholding

Sanmina's EVP of Global Human Resources, Alan McWilliams Reid, reported the vesting of restricted and performance stock units and related tax withholdings, increasing his beneficial ownership.

Summary

• Alan McWilliams Reid, EVP, Global Human Resources at Sanmina Corp (SANM), reported multiple transactions involving the company's common stock.
• On December 15, 2025, 7,000 shares of common stock were acquired through the vesting of Restricted Stock Units (RSUs) granted on December 15, 2022, at a price of $158.17 per share.
• Also on December 15, 2025, 10,800 shares of common stock were acquired due to the vesting of Performance Stock Units (PSUs) granted on December 15, 2022, as a result of achieving performance criteria, at a price of $158.17 per share.
• Shares were disposed of to satisfy statutory withholding requirements on various vesting events: 1,524 shares on December 15, 2025 (related to RSUs granted 12/15/2022), 2,286 shares on December 15, 2025 (related to RSUs granted 12/15/2023), and 5,485 shares on December 15, 2025 (related to PSUs granted 12/15/2022), all at $158.17 per share.
• An additional 1,524 shares were disposed of on December 16, 2025, to satisfy statutory withholding requirements on RSUs granted on December 16, 2024, at a price of $146.84 per share.
• Following these transactions, Alan McWilliams Reid beneficially owns 37,481 shares of Sanmina Corp common stock directly.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating they were pre-scheduled.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation, specifically the vesting of equity awards and subsequent tax withholdings. These are expected events and do not indicate significant positive or negative news for the company.

Positives

• The vesting of 10,800 Performance Stock Units indicates that specific performance criteria set by the company were achieved, aligning executive incentives with company success.
• The overall increase in beneficial ownership of 6,981 shares (from an implied 30,500 to 37,481 shares) demonstrates continued equity stake by a key executive.

Negatives

• A total of 10,819 shares were disposed of to cover statutory tax withholding requirements, which is a standard practice but reduces the executive's direct shareholding.

Future Outlook

The filing primarily reports past equity grants that have recently vested. While no explicit forward-looking statements are made, the nature of executive compensation often implies ongoing equity grants and vesting schedules in future periods.

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions represent a routine aspect of executive compensation, aligning management's interests with shareholder value through equity ownership. The increase in beneficial ownership by a key executive can be viewed positively.
• Employees: Reflects the company's standard equity compensation practices for executives.

Next Steps

• Future vesting of remaining tranches of previously granted equity awards, if applicable.

Key Dates

Keywords

Sanmina, SANM, Form 4, Insider Transaction, Equity Compensation, Restricted Stock Units, Performance Stock Units, Stock Vesting, Executive Compensation, Tax Withholding